Business Conditions Report Predicts Spike for Spring
CLEVELAND, OH—According to the February 2013 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies expect a spike in business conditions during the next three months. Conducted monthly, the report is an economic indicator for manufacturing, sampling 131 metalforming companies in the United States and Canada.
The February report shows that 37% of participants predict that economic activity will improve during the next three months (up from 32% in January), 55% believe that activity will remain unchanged (up from 50% last month) and only 8% anticipate that activity will decline (down significantly from 18% in January).